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Portfolio (Quarterly) Guide ↗

Chou Associates Management Inc.

· CIK 0001389403
13F Portfolio $210M AUM 31 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 5 New 4 Added 2 Exited
Page 1 of 2  ·  31 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 BERKSHIRE HATHAWAY INC DEL 86.0 $61.8M 29.37% $718140.29
2 GOOG ALPHABET INC Communication Services 72,390.0 $20.8M 9.88% $286.86 +33.3%
3 OXY OCCIDENTAL PETE CORP Energy 313,000.0 $20.3M 9.68% $65.00 -10.7%
4 SYF SYNCHRONY FINANCIAL Financial Services 223,202.0 $15.2M 7.22% +8K +3.5% $68.02 +6.1%
5 AAPL APPLE INC Technology 44,000.0 $11.2M 5.31% $253.79 +21.8%
6 STLA STELLANTIS N.V Consumer Cyclical 1,394,194.0 $9.9M 4.70% $7.09 +10.8%
7 SIRI SIRIUSXM HOLDINGS INC Communication Services 409,589.0 $9.5M 4.50% $23.08 +29.2%
8 ALLY ALLY FINL INC Financial Services 225,525.0 $8.8M 4.21% $39.23 +9.0%
9 PYPL PAYPAL HLDGS INC Financial Services 167,400.0 $7.6M 3.60% +126K +308.3% $45.23 -2.5%
10 JEF JEFFERIES FINL GROUP INC Financial Services 149,237.0 $6.2M 2.93% +138K +1258.3% $41.27 +25.3%
11 BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 41,900.0 $5.3M 2.50% $125.46 +3.2%
12 WFC WELLS FARGO CO NEW Financial Services 59,542.0 $4.7M 2.25% $79.61 -3.0%
13 GM GENERAL MTRS CO Consumer Cyclical 52,000.0 $3.9M 1.84% $74.50 +7.1%
14 C CITIGROUP INC Financial Services 32,695.0 $3.7M 1.76% $113.41 +10.8%
15 BRAEMAR HOTELS & RESORTS INC 2,500,000.0 $2.5M 1.17% NEW $0.98
16 PATHWARD FINANCIAL INC 27,389.0 $2.4M 1.16% $89.23
17 BAC BANK AMERICA CORP Financial Services 50,000.0 $2.4M 1.16% $48.75 +6.5%
18 POOL POOL CORP Industrials 10,636.0 $2.2M 1.02% $202.33 -9.9%
19 MBI MBIA INC Financial Services 321,000.0 $1.9M 0.90% $5.91 +3.6%
20 KHC KRAFT HEINZ CO Consumer Defensive 69,500.0 $1.6M 0.74% NEW $22.49 +6.5%
Page 1 of 2  ·  31 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 37.1%
Communication Services 21.3%
Energy 14.8%
Consumer Cyclical 13.8%
Technology 8.2%
Industrials 2.5%
Consumer Defensive 1.1%
Basic Materials 1.1%